Cantor Fitzgerald analyst Josh Siegler maintained a Buy rating on Iris Energy (IREN – Research Report) yesterday and set a price target of $10.00. The company’s shares closed yesterday at $3.28.
According to TipRanks, Siegler is an analyst with an average return of -11.7% and a 38.75% success rate. Siegler covers the Technology sector, focusing on stocks such as Riot Platforms, TeraWulf Inc, and Bitfarms.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Iris Energy with a $15.00 average price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $8.06 and a one-year low of $1.02. Currently, Iris Energy has an average volume of 1.35M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Iris Energy (IREN) Company Description:
Iris Energy Ltd is a bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin primarily powered by renewable energy. The company’s mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.
Read More on IREN:
